F/U - if you won...

LTF525 · December 2008

would you take the cash or the annuity?

LTF525 · December 2008

I watched a special about past lotto winners and it seems the ones who had the annuities did better in the long run b/c they couldn't blow all there money in the begining (since you get paid every year over 20 yrs). Part of me would like to think i could handle the money, but part thinks the annuity would help it harder to really F-up, because if you f-up one year and blow it all, you have another chance the next year to learn from your mistakes.

mooeta · December 2008

in this unstable economy CASH-- god knows if the lottery will be bankrupt in 40 years

Mrs.Foreste · December 2008

I'd take the cash option.

sidewalk_angel · December 2008

I'd take the cash and run!

jdeats12 · December 2008

CASH. No question. Time value of money would force me to do it.

Nykki Thomaston · December 2008

cash, ditto moo

ler4ik · December 2008

Definitely CASH.
We did a calculation once in one of my finance classes and came to a conclusion cash is always better.

deedle99 · December 2008

jdeats12:
CASH. No question. Time value of money would force me to do it.

exactly!

11Lemon11 · December 2008

all of the 3 times we play a year we always take the cash option. I would like to think that we are pretty smart and would put a lot of it in savings.

I heard that if it's over a certain amount winners and their spouses have to take a series of money management classes, sign me up!